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Friend.tech - Seed
Overview
About Friend.tech - Seed
Friend.tech, a decentralized social platform, secured seed round funding from Paradigm earlier this year. This partnership with the venture capital firm aims to develop innovative online social interaction tools jointly.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2018 | 75 | info@paradigm.xyz |
Company Profile / Project Introduction
As a decentralized social platform affiliated with X, friend.tech empowers users to secure stakes in any fellow user on the platform through the Base network, utilizing ETH. That affords them direct communication rights. Within friend.tech, each user possesses a distinct set of shares.
The platform allows users to acquire shares in connected X accounts, granting entry to private chat rooms with these account holders. That enables any app user to speculate on the social value of their peers by investing in their shares, akin to possessing social tokens linked to the respective users. The valuation of user shares experiences fluctuations in response to shifts in supply and demand.